Company Registration No. 10429357 (England and Wales)
LIVING HOPE MINISTRY INTERNATIONAL ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
LIVING HOPE MINISTRY INTERNATIONAL ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS
| PAGE | |
|---|---|
| Company information | 3 |
| Directors’ report | 4 |
| Profit and loss account | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 |
| Detailed profit and loss account | 9 |
2
LIVING HOPE MINISTRY INTERNATIONAL COMPANY INFORMATION FOR THE YEAR ENDED 30 SEPTEMBER 2024
Director (s) Kwasi Mensah Sarpong
Company Number 10429357 (England and Wales) Registered Office 53 Powell Street Clayton Manchester M11 4CY
3
LIVING HOPE MINISTRY INTERNATIONAL (COMPANY NO: 10429357 ENGLAND AND WALES) DIRECTORS’ REPORT
The director presents the report and accounts for the year ended 30 September 2024.
Directors
The following director held office during whole of the period:
Kwasi Mensah Sarpong
Statement of directors’ responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors
Kwasi Mensah Sarpong
Kwasi Mensah Sarpong Director
Approved by the board on: 31 March 2025
5
LIVING HOPE MINISTRY INTERNATIONAL PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| TURNOVER | 27,238 | 21,156 | |
| Administrative expenses | 13,007 | 18,455 | |
| ───── | ───── | ||
| Operating surplus (deficit) | 14,231 | 2,701 | |
| ───── | ───── | ||
| Profit on ordinary activities before taxation | 14,231 | 2,701 | |
| Tax on surplus on ordinary activities | 0 | 0 | |
| ───── | ───── | ||
| Profit (Loss) for the year | 14,231 | 2,701 | |
| ═════ | ═════ |
5
LIVING HOPE MINISTRY INTERNATIONAL PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 2 | 6,860 | 6,000 |
| ───── | ───── | ||
| Current assets | |||
| Cash at bank and in hand | 13,818 | 1,980 | |
| Creditors: amount falling due within one year | 3 | (1,353) | (1,533) |
| ───── | ───── | ||
| Net current assets | 12,645 | 477 | |
| ───── | ───── | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 19,325 | 6,447 | |
| Creditors: Amounts falling due after more than one year | 4 | (2,393) | (3,746) |
| ───── | ───── | ||
| Net assets | 16,932 | 2,701 | |
| ═════ | ═════ | ||
| Restricted funds as at 01/10/2023 | 2,701 | 0 | |
| Balance as at 01/as at10/2023 | 14,231 | 2,701 | |
| ───── | ───── | ||
| Members’ funds | 16,932 | 2,701 | |
| ═════ | ═════ |
For the year ending 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies’ subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 15 March 2025
Kwasi Mensah Sarpong
Kwasi Mensah Sarpong Director
Company Registration Number: 10429357
The notes on pages 7 to 9 form part of these financial statements.
6
LIVING HOPE MINISTRY INTERNATIONAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
1. ACCOUNTING POLICIES
Basis of accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor Vehicles - (25% Straight Line Method) Equipment - (33.33% Straight Line Method)
2. Company limited by guarantee
The company is limited by guarantee and has no share capital
Every member of the company undertakes to contribute to the assets of the company in the event of winding up, such an amount as may be required not exceeding £1
7
LIVING HOPE MINISTRY INTERNATIONAL NOTES TO ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
3. Tangible Fixed Assets
| Motor | ||||
|---|---|---|---|---|
| Vehicles | Equipment | Total | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 October 2023 | - | 18,504 | 18,504 | |
| Additions | - | 3,540 | 3,540 | |
| ────── | ────── | ────── | ||
| At 30 September 2024 | - | 22,044 | 22,044 | |
| ══════ | ══════ | ══════ | ||
| DEPRECIATION | ||||
| At 1 October 2023 | - | 12,504 | 12,504 | |
| Charge for the year | - | 2,680 | 2,106 | |
| ────── | ──── | ────── | ||
| At 31 September 2024 | - | 15,184 | 12,504 | |
| ══════ | ════ | ══════ | ||
| NET BOOK VALUE | ||||
| At 30 September 2024 | 0 | 6,860 | 6,860 | |
| ══════ | ════ | ═══════ | ||
| At 30 September 2023 | 0 | 6,000 | 6,000 | |
| ══════ | ════ | ═══════ | ||
| 4. | Creditors: | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Amount falling due within one year | 1,353 | 1,533 | ||
| Amount falling due after more than one year | 2,393 | 3,746 | ||
| ────── | ─────── | |||
| 3,746 | 5,279 | |||
| ═══════ | ═══════ |
8
LIVING HOPE MINISTRY INTERNATIONAL DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Turnover | ||
| Donations | 27,238 | 21,156 |
| ────── | ────── | |
| Administrative expenses` | ||
| Rent | 6,000 | 6,000 |
| Depreciation | 2,680 | 2,106 |
| Travel & expenses | 3,111 | 4,779 |
| Evangelism & Welfare | 3,025 | 2,070 |
| General expenses | 1,216 | 3,500 |
| ────── | ────── | |
| 13,007 | 18,455 | |
| ══════ | ══════ | |
| Operating profit | 14,231 | 2,701 |
| ══════ | ══════ | |
| Profit on ordinary activities before taxation | 14,231 | 2,701 |
| ══════ | ══════ |
z
9